RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Staged Homes Can Sell for a Higher Price

January 30, 2015 1:03 am

Are you listing your home this year? Better call a stager, says the National Association of REALTORS®. According to NAR’s 2015 Profile of Home Staging, REALTORS® believe that buyers offer between 1 and 5 percent more for a home that’s staged. That percentage, some Realtors® believe, can be up to 10 percent.

Nearly half of surveyed REALTORS® who work with buyers believe staging usually has an effect on the buyer’s view of the home. Staging, they report, makes an impact by helping buyers visualize the property as a future home (81 percent), and by making buyers more willing to walk through a home they saw online (46 percent).

Just over a third of REALTORS® on the seller’s side (34 percent) utilize staging on all homes – the majority utilizes staging as a tool in at least some instances.



The median cost spent on staging a home is $675. Sixty-two percent of REALTORS® representing the seller offer home staging services to their clients, while 39 percent say the seller pays before listing the home. REALTORS® on both the buyer and seller sides agreed that the living room is the most important room to stage, followed by the kitchen, master bedroom, dining room and bathroom.

Source: NAR

Published with permission from RISMedia.


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Avoid Unclaimed Refunds This Tax Season

January 30, 2015 1:03 am

Toward the end of last year's tax filing deadline, the Internal Revenue Service (IRS) announced that more than $760 million in unclaimed refunds would disappear after April 15 – so many dollar bills that, if stacked, they would reach higher than 187 Empire State Buildings! A larger portion of this missed opportunity comes from failing to claim the Earned Income Tax Credit (EITC).

"One in four people who qualify for the Earned Income Tax Credit should be getting up to $6,143 in additional tax refunds, but they miss out because it's complicated to tell if you qualify," said David Prokupek, CEO of Jackson Hewitt®.

One-third of the EITC-eligible population changes each year based on marital, parental and financial status, and many Americans may not know they qualify for this credit. The IRS allows these individuals to catch up, offering a three-year window for filing federal tax returns.

To claim the EITC, taxpayers must be employed or self-employed and have a Social Security number. They will need to show proof of having less than $3,350 in investment income and have earned income and adjusted gross income lower than the following:



Single, Head of Household, Qualifying Widow(er)

No Children - $14,590

1 Child - $38,511

2 Children - $43,756

3 Children - $46,997



Married Filing Jointly

No Children - $20,020

1 Child - $43,941
2 Children - $49,186

3 Children - $52,427

For example, a married couple filing jointly with three children and a combined earned income of $23,000 could qualify for the maximum EITC of $6,143. If the couple overlooked the EITC the past three years, they possibly could claim thousands of dollars more for each year for a total refund approaching half their annual income.

Source: Jackson Hewitt®

Published with permission from RISMedia.


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